CH Robinson Worldwide Inc Q3 2023 Earnings Call Summary - Thomson StreetEvents

CH Robinson Worldwide Inc Q3 2023 Earnings Call Summary

CH Robinson Worldwide Inc Q3 2023 Earnings Call Summary - Thomson StreetEvents
CH Robinson Worldwide Inc Q3 2023 Earnings Call Summary
Published Nov 01, 2023
16 pages (8908 words) — Published Nov 01, 2023
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Abstract:

Edited Brief of CHRW.OQ earnings conference call or presentation 1-Nov-23 9:00pm GMT

  
Brief Excerpt:

...A. Load-to-truck ratios remain near the low levels of 2019. B. And route guide depth in our managed service business of 1.15 in Q3, indicates that primary freight providers are accepting most of the contractual freight tendered to them, resulting in fewer spot market opportunities. C. In the freight forwarding market, ocean vessel and airfreight capacity continues to exceed demand, resulting in suppressed rates for ocean and airfreight. D. The result has been meaningful cost reductions and productivity gains across our business that are ahead of our stated targets. E. In our North American Surface Transportation business, our productivity improvements have translated into an 18% year-to-date increase in shipments per person per day. F. Assuming a typical seasonal volume pullback in Q4, we are on track to meet or exceed our target of 15% year-over-year improvement by Q4 of this year. G. From a cost reduction perspective, we reduced Q3 operating expenses and NAST by 22% year-over-year versus...

  
Report Type:

Brief

Source:
Company:
CH Robinson Worldwide Inc
Ticker
CHRW.OQ
Time
9:00pm GMT
Format:
PDF Adobe Acrobat
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CH Robinson Worldwide Inc Q2 2023 Earnings Call Transcript – 2023-08-02 – US$ 54.00 – Edited Transcript of CHRW.OQ earnings conference call or presentation 2-Aug-23 9:00pm GMT

CH Robinson Worldwide Inc Q1 2023 Earnings Call Transcript – 2023-04-26 – US$ 54.00 – Edited Transcript of CHRW.OQ earnings conference call or presentation 26-Apr-23 9:00pm GMT

CH Robinson Worldwide Inc Q4 2022 Earnings Call Transcript – 2023-02-01 – US$ 54.00 – Edited Transcript of CHRW.OQ earnings conference call or presentation 1-Feb-23 10:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "CH Robinson Worldwide Inc Q3 2023 Earnings Call Summary" Nov 01, 2023. Alacra Store. May 20, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-CH-Robinson-Worldwide-Inc-Earnings-Call-B15765607>
  
APA:
Thomson StreetEvents. (2023). CH Robinson Worldwide Inc Q3 2023 Earnings Call Summary Nov 01, 2023. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-CH-Robinson-Worldwide-Inc-Earnings-Call-B15765607>
  
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